SAIC Motors makes personnel adjustments: Wang Xiaoqiu and Jia Jianxu to take up positions in municipal-run enterprises

According to official news from Shanghai News, Wang Xiaoqiu and Jia Jianxu appeared in the list of "Shanghai Municipal Cadres Pre-appointment Publicity" and are expected to be appointed to the top positions in municipal enterprises. Wang Xiaoqiu is currently the president of Shanghai Automotive Industry Corporation, and Jia Jianxu is currently the vice president of Shanghai Automotive Industry Corporation. This personnel adjustment means that SAIC will usher in a new leadership team. Chen Hong, the current chairman of SAIC, is about to retire, and Wang Xiaoqiu will take over as chairman and Jia Jianxu will take over as president. Xu Ping will take over Jia Jianxu's position as general manager of SAIC Volkswagen. This personnel change is based on the word "stability", which is in line with outside speculation.